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Coeur Mining (CDE) Q3 FY2026 earnings: revenue $984 million, up 77.4% on the year

Coeur Mining, Inc. (CDE) reported revenue of $984 million for Q3 FY2026, the quarter ended 30 September 2026, up 77.4% on the same quarter a year earlier. Net income was $109 million, down 59.0% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue
$984 million
+77.4% on the year · -9.4% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
17.7%
31.9% a year earlier
Q4 FY2024Q3 FY2026
Net income
$109 million
-59.0% on the year · -10.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.11
-73.2% on the year · -8.3% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 3 lowered, 12 kept.

  • Newly acquired Canadian operations drove growth: Revenue rose 77% year over year to $1.0 billion, adjusted EBITDA rose 69% to $448 million, and free cash flow rose 27% to $240 million.
  • New Afton lost output to conveyor failure: A conveyor belt failure in late August lowered mining and milling rates at New Afton. The belt was repaired by mid-September, and underground rates of 16,000 tonnes per day have since been sustained.
  • Adjusted gold cost per ounce fell: Adjusted costs applicable to sales were $2,054 per gold ounce, down from $2,442, and $22.73 per silver ounce, against $22.99. The gold figure includes $40 million of non-cash purchase accounting expense.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue9841,086555-9.4%+77.4%
Operating income174217177-19.4%-1.5%
Operating margin17.7%19.9%31.9%
Interest expense10.811.06.3-1.6%+72.7%
Pre-tax income174215170-19.0%+2.6%
Income tax64.993.2-96.9-30.4%
Effective tax rate37.3%43.3%-57.0%
Net income109122267-10.2%-59.0%
Net margin11.1%11.2%48.1%
Diluted EPS$0.11$0.12$0.41-8.3%-73.2%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow386513238-24.9%+62.2%
Capital expenditure14512649.0+15.7%+196.5%
Free cash flow240388189-38.0%+27.3%
Free cash flow margin24.4%35.7%34.0%
Cash from investing-152-125-59.2
Cash from financing-113-177-23.9
Depreciation and amortisation26125672.9+2.0%+258.1%
Share-based compensation8.67.45.0+15.7%+71.0%
Dividends paid0.020.60.0
Dividend per share$0.00$0.00n/a
Diluted shares, weighted1,028m1,034m645m-0.6%+59.5%
Shares outstanding at period end1,023m1,029m642m-0.6%+59.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity10,41610,4103,094+0.1%+236.7%
Debt702705364-0.5%+93.0%
Other liabilities4,1084,0891,055+0.5%+289.4%
Total liabilities and equity15,22615,2044,512+0.1%+237.4%
Fixed assets12,06212,1632,772-0.8%+335.1%
Goodwill6266266320.0%-1.0%
Cash and equivalents1,1731,052266+11.4%+340.3%
Receivables83.473.667.7+13.4%+23.2%
Inventory379383157-1.2%+141.8%
Other assets903906617-0.2%+46.5%
Total assets15,22615,2044,512+0.1%+237.4%

Questions

What was Coeur Mining's revenue in Q3 FY2026?

Coeur Mining (CDE) reported revenue of $984 million for Q3 FY2026, the quarter ended 30 September 2026, up 77.4% on the same quarter a year earlier.

How much did Coeur Mining earn in Q3 FY2026?

Net income for Q3 FY2026 was $109 million, down 59.0% on the year, and diluted earnings per share $0.11.

When did Coeur Mining report Q3 FY2026 results?

Coeur Mining filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2081882041832101871771952622132223133053604815556758561,086984
Operating income1.01.6n/a-36.7-6.5-16.1-4.8-6.8-11.0-3.416.784.466.562.2140177328349217174
Operating margin0%1%n/a-20%-3%-9%-3%-4%-4%-2%8%27%22%17%29%32%49%41%20%18%
Interest expense3.24.65.25.98.27.46.97.47.412.913.213.311.910.48.36.36.06.411.010.8
Pre-tax income-10.39.4-65.9-55.648.7-13.9-22.5-15.0-17.0-13.18.674.656.351.8133170328349215174
Tax raten/a18%n/an/a-1%n/an/an/an/an/a83%35%33%36%47%-57%34%29%43%37%
Net income-10.87.7-77.4-57.449.1-24.6-32.4-21.1-25.5-29.11.448.737.933.470.7267215247122109
Net margin-5%4%-38%-31%23%-13%-18%-11%-10%-14%1%16%12%9%15%48%32%29%11%11%
Diluted EPS-$0.06$0.03-$0.28-$0.21$0.18-$0.08-$0.10-$0.06-$0.06-$0.08$0.00$0.12$0.11$0.06$0.11$0.41n/a$0.35$0.12$0.11
Operating cash flow34.9-6.422.6-19.128.5-35.039.4-2.465.3-15.915.211163.867.6207238375341513386
Capital expenditure10169.573.296.611374.085.611292.742.151.442.047.750.060.849.061.374.1126145
Free cash flow-65.9-75.9-50.5-116-84.6-109-46.2-115-27.4-58.0-36.269.116.117.6146189313267388240
Dividends paidn/an/an/an/an/an/an/an/an/an/an/an/an/an/a0.00.0n/an/a20.60.0
Shares outstanding257m281m281m281m296m331m350m383m386m399m399m399m399m639m643m642m642m1,034m1,029m1,023m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.